B. Higgins, J. Mayo, and N. Rice have capital balances of $83,500, $74,000, and $62,000, respectively. They share income or loss on a 5:3:2 basis. Rice withdraws from the partnership under each of the following conditions.

1.		Rice is paid $67,280 in cash from partnership assets, and a bonus is granted to the retiring partner.
2.		Rice is paid $55,600 in cash from partnership assets, and bonuses are granted to the remaining partners.

Journalize the withdrawal of Rice under each of the assumptions above.